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<br /> �•'�:r• ' lf l.ender requi�ed mortgage insurance�s�conditian oi malcing the lom securcd by this Secu�ity in�trument. T �-- .��•:�=
<br /> . ?.6.::_
<br /> ' ° � ' Borrower sh�ll pwy Ihe proa�iums required to maintdn the insurance in eBect until such time as the requirement for the ���,�+-:y=
<br /> ., � °�°{�4;':::� iowance termin�ta in accordance with Botrawer'i and Lender's written a�reement ur applicable Irw. _• ,,.._�;,
<br /> ' .�"�'' 8, Ia�etiaa. Lcmder ar its p�mt may make reasonable entnes upon�nd inspcctions of the Propeny. Lander ----'-' '` ��
<br /> a .��� ,- '�'' •� chrll�ive Bonower noti.;e at the time of or prior to an inapection speciiying reasonable cause for the inspection. �_�. __ _ _ __ _
<br /> . ., 9, Cad�s�doa. The prxeeds oi any award or claim for ds►mages,direct or consequenti�l.in connection with •� , ,dF+ _�
<br /> __ " . � �ny condemn�tion or other wking of any part af the Property, or Por canveyance in lieu of condemnption, are harcby
<br /> T �. ' . • �stiQned�nd�hdi be paid to L.ender. �. . . `�_ - �_ •..•.��.
<br /> , !n the evrnt of a total t�kiog of the PropeRy,the proceeds shall be applied to the sums secured by this Secunty I�ii,4:-��--�
<br /> ° Inctrument.whether or not then due,with�ny eacas paid to Borrower. In the event of a panial taking of the Property. ��.7.�
<br /> unless Horrower and Lender otherwise�gra in writing,the suma secured by this Security InstrumrnR shall be reduved b+x .�'�;���:;;�
<br /> the unount oP the roceed�multi lied by the Polbwin Praction:(a)the rotal amount of the sums secured immedia9elb � ��.,�' '` ":'�``"'°'�`'_
<br /> P P g ���: '. . •.;,:�,.<::.,..,,�1:�
<br /> before the wking,divided by(b)the fiir m�rket value of the P�operty immediotely befo�e the taking.Any bala�ce sliad�Pie �, � .;},;,
<br /> ,' ' � W Borrower. 9�. �:�,...._—__
<br /> ��;
<br /> . � li the Property is ab�u�doned by Borrower.or ii,a6rtea aa���tace by Lender to Barrm�x��eR lhat the condemnor ofFers to •��'�f,(,r����:.::-,;:<��-
<br /> • make an wwrud or seltle a claim fo�dam�ges.8mrs.n'cr fa�ls tT rr.►�nd to 1 cnder within?�J days after the date the notice ia �'� ,.,��;,.;•.
<br /> �iven.I.ender is aulhorized to collect and a�g�ny th:y+roceed�,at�ts�ption,ert har to reytorauon or repair of the Property or ,.;� ���' �:�� --•;°�"_`-
<br /> '�¢,ir ti�,` Y.°.�°�.
<br /> . "' to the sums secured 4r�ahis Securoey Ingtrumena,whsther or aot then due. �'t::�.��y.�l ��.,;;-..
<br /> :.'' Unlesc l.ander and Horro�xr oihrnvix agrre in wriiing,any a�+pGcati�n of praceeds to principal shall nat exQend or 11�',° ���'C�'�'•'�;_- __
<br /> :..:�,,..��
<br /> poa�pune the due date of the monahly payments referral tr�r��aragrapns 1 and 2 or cha�ge thc amoum of'such pA��rn�ets. ,,:.
<br /> 70. Borrowu Not Releawd;Forbearnnce By I.en(Jer Not � V1�dver. Extension of the time �or pay�cnt or . �''r�r—
<br /> �'�' mr�diFiwtion oPamortization oP the sums secur2d by this Security los•tru•ment granted by Lende� no Any auccesaar in �. . .,,4�,��.�;_:._
<br /> intetest of Harrower shall not operAte to releASe tfie liability of the origi�uai�orrower or Borrower's successors in interest. t= °,;:�;��;��
<br /> � Lender shall not be ra�uired to commence praceedings against any successor in interat or refuae to extend time Por -
<br /> � � payme�nt or wherwise modiiy amortization oPthc sums secured by this 5ecurity Instrument by reason of eny demand made �:; _ -
<br /> by the origirul Honower or Borrower's successora in interesa.Any forbearance by Lender in exercising aay right or�emedy �� _ ,
<br /> ��. ` tlull not be a w�iver of'or prcclude the exerciee of any right c�r ranody. ,.. �i
<br /> ;�`'.�i ��, guceawrs and Aui�n Houndi Joint and Se�enl Li�bility;Cari�ers. The covenants and agrammts of ' G
<br /> ..� ,.� • this Socunty Instrument shdl bind and benefit the successors and essigns c�f 1.ender and Borrower.subject to the provisions �'�� �
<br /> •:S%y, ��,', �•' � oiparn�g�raph 17.Borcower's covennnts and agreements shaU be joint and several.Any Borrower who casigns this Security ' ;��' i .
<br /> '�•'�':���-_-�:--�'"��°= lnairumes�s but does ne!sa►ecot��he Note:(a)is co-signina afiis Securi�y lnstrument only to mangage,grant and wnvey _'" �
<br /> �' vT:r— � . .
<br />� . , ''1�'�,;:�" that Sorcower's interest in the Property under thc terms ol this Security 7nstrument;(b)is not personally abligated to pay
<br /> �� the sums aecured by this Security Instrumcnt;umd(c)agrees that Lcnder and any other gorcowcr mey agree to extend, 4 �;r;,� ' ' �
<br /> . • modify,forbear or make any accommodatians with regard to the[erms af this Secunty[nstrument or the Note wi�hout �•, ''tii���
<br /> � �, that Borcower's consenc. � '' �� �
<br /> � • 12, I,om CharQp. If the laan socured by this Secunty Instrument is subject ta a law which sets maximum loan i "''�
<br /> ,�...�.. "�'F.
<br /> , i, ' % charges, and that law is flnally mterpreted w that the mterest or other loan charga collected or to be collected in � ' :�
<br /> �.�.'�• �• connxtion with the loan eaceed the permitted limits, then: la►any wch lopn charge shnll be reducal by the amount �
<br /> �. � necessary to reduce the charge to the permitted limit:end(b)any sums already collected from Borcower which eaceeded � , �r�
<br />. p ermitted limits will be refunded to 8onower. Lender may choose to make this refund by reducing t�+e principal owed , ��' -
<br /> � under the Note or by making a d'erxt payment to 9orrower.lf u rcfund reduces pnncipal,the reduct�on will be trated as o � � "'�
<br /> � pxrtial prepaymmt without any prepeyment charge under the Note. ���°
<br /> � • 13. Legiel�tion AReeting [.ender's Rlg6tc. If enactmem or eapirouan of applicable laws has tP�e eflect of •:�,_
<br /> ' rendering any provision of the Note or this Secunty Instrument unenfarceable accarding to�ts terms,Lender,at its apuon, !' � •��;; ,� t•�,��`;�-
<br /> '•�'�>� may roquire immediate paymenl in full oP all sums secured by th�ti Srcuru� Instrument and may invoke a�y rsmedies ' •�' ' • ��;!F�`:
<br /> � � '• �'�• � n�..'• ,�:;�,:r;,i;�,.
<br /> .'� ;ti ti permitted by paragnph IQ.!f l.ender exercises t6is option,Lender shall trke the ueps s��fied m tfie second patagraph oP �.•�'�,�' .��
<br /> ' � • •.. , paragraph 17. :��,',:''� �'.�:�'':°�tu
<br /> ', ; .;� �+.: :� ,�.,:—
<br /> � 14. NoHca, An notice to Bormwer rovided for m th�s Secunt Instrumem shall tx iven b delivenn. il or b ••.� '�'�'"��`'`''�''�`''r
<br /> y p Y B Y H Y �." ',•:r!�i.',;,',;({+��`�,.`'+�
<br /> mai�ing it by flrst class mail unless upphcable law reqwres use of another method. 7'he napce shall be directed to the ;,� . „�, �,���{,,;_
<br /> � Property Address or any other uddress BOrrower designates by nutice to Lender. Any noure to Lender shall be R�ven by ,':�r,��;;yt?�
<br /> • � � first class mail to Lender's address statcd herem or any other address Lender designates by nonce to Borrower.Any notice ' '�{�,,.,___=
<br /> � � � � provided for in t?�is Secunty lnstrument shall be deemed�o have been gi�rn to Borrow�er or l.ender when given as pravided ••• - %�;�,�s;--
<br /> in this paragraph. ''-''�
<br /> at• ' 1S. Gyerniag I.�w;Se�enbility. This Secunty Instrument shall he governec h� federal law and the laa•�►f the �
<br /> •� " ju�i�cfiction in which the Property�s Iocated.In the event that any prov�si�n or clause nf�h�s Secunty Instrumenr or the _
<br /> Nole conflicts with applicable law.such conflict Shall not affect other rrov��wn���f�his Secunty Instrument or the Note _
<br /> , which can be gwen effect without the confl�cnng provision.To this end�he�+ravi�ion,of th�ti�ecunty Instrument and the •
<br /> '.,;:,���, SVote are declared to be severable.
<br /> �:,�'•,�_ 16. Borrower's Cop}. �lorrnwer shall bc g��en rre conformed rupy�of thr ti�,;e and of th�s Secunty Insarummt.
<br /> ; , ' 17. Tranafer of the Ps�o�ertY a�a Beneflcial Onterrs� in Borrower. If ali ��r any part of Ihe Propetly o�any
<br /> � � ,�'� iroveve��in it is sold or transPene�lor if n bcneficial intese�e i�8orrower�s sold ur trany0'erred and Borrower�s not a naturnl _
<br /> person)withouc 1ar.�der'�pnnr a•ntten r��r.:crr:•l ende�rra}.�:i����•r'�"' "4wrr�mmrdiatr pa�mer�::n full of all sumti ,
<br /> secured by th�y 5e:uT�.} fna.rarn<nt. Howr�c- �hiti uptinr.tihall a�•r t�•:�.r�:�+ed h> Lender if enerc�,w. is prnh�hned by
<br /> ' fecletal l�w as vi�tfi:t date of:.�.s'Se:unty In�trument �_
<br /> If Lender e�trr�ses:''r.v�•n,rwn.Lender�hnll R��e Br�rmaer non�e nf arceleraunn The nntice shall provod�r a;�ennd ,
<br /> 1 of not less tha�?�_�la��s from�he date the not�ce n deh�•ered��r maiied wi�hin u hich l�r�rc w•er must pay all cum+se,ured by =
<br /> th�s Seeunry Oc,si:�^�ment.lf Borrower fnds tu pay these�ums pnor to the expiranon�f ehi+penc►d.Lender ma>irtvoke any
<br /> remed�espermrr.r.�e:!by this Secunty Instrument a•ithiiot further n��u�c r,iemand��n Horrower
<br /> _.�.. o.. .�_n�.. .�_ ..w. ,�..,
<br /> Ot.Borrower's Ri�t to Keins[ate. ii in,r«�NCi ����i,«�::�:. .::.......::•:=. ...,:::•:::: ..�.....:�..�::�.... ::..�-e
<br /> ' ent�srcement of th�s Secunt�. Inctrument d�+cununueJ at an�•nme pnc,r s��nc�rnlrer nf (al'day�lor such otPrer�enod as
<br /> � • ' app[�cable law may+pecify fc�r rem�tatementllxfure rale of the Pr�perry�ur�uanr rn any Fx�wer uf tiale c�mrame3�n this
<br /> Secunty Instrument,or Ib)entn•o(a�ud�ment rnforcing thi+Se�unry insrrumeni Those cond�uuns are thar B4�rrnwer.
<br /> ' � (p) p�ys Lender all sums v�•hich then would t+r due under th�t tircunr� 1n�trument and the 'Vate had no ncceleralion
<br /> oceurred: (b)cures any default of any other co�enants or •rgteement�. ��1 payr all expeme� incurred m enl'urcmg th�s
<br /> Seeunty Instrument, mcludmg, hut not limned io. rea�onable a�torne>•i feeti,and Idl take��uch acuon a� 4ender ma��
<br /> rason�blv reqwre t� assure ihe� the lien of th�s 5ecunt�� In�trument. Lender'ti nghts m the Propen� and ik►rrower'�
<br /> obbgaUan to pa} the sums ucured by th�� 5a:unty Instrument �hall rununue unchanged l'�m reimtatemcnt b�•
<br /> � Borrower,thu Secunty Instrument and�he c�bl�gauuns�ured hereby tihall remain(ully etTecu�r a�d no accderauon had
<br /> occurrod.However,th�s ngh�to reinstate shall not apply m thc case c�f accclerauun under paragr�ph� 13 or 1 h
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